Chevron has confirmed that it will acquire the interest in two exploration blocks in the Kurdish region of Iraq from India’s Reliance Industries.
Chevron will acquire Reliance Exploration & Production's 80% interest and operatorship of the production sharing contracts (PSCs) covering the Rovi and Sarta blocks.
The blocks are located north of Erbil and cover a combined area of approximately 490 square miles (1,124 square kilometers).
Author: Neftegaz.RU